Notes to SEFA
Accounting Policies: Note 1 - Basis of PresentationThe accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of UrbanLeague of Portland under the programs of the federal government for the year ended June 30, 2022. The information in theSchedule is presented in accordance with the requirements of Title 2, U.S. Code of Federal Regulations, Part 200, UniformAdministrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (the Uniform Guidance).Because the Schedule presents only a selected portion of the operations of Urban League of Portland, it is not intended to,and does not, present the financial position, changes in net assets, or cash flows of Urban League of Portland.Note 2 - Summary of Significant Accounting PoliciesExpenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognizedfollowing the cost principles contained in Uniform Guidance, wherein certain types of expenditures are not allowable or arelimited as to reimbursement. Pass-through entity identifying numbers are presented where available.For the year ended June 30, 2022, there is a cash to accrual difference for award number HD-SVCSGEN-12347-2020 passedthrough from Multnomah County. Urban League of Portland elected to report what was reported to them directly from thecounty as federal expenditures on a cash basis.
De Minimis Rate Used: N
Rate Explanation: Note 3 - Indirect Cost RateUrban League of Portland has elected not to use the 10-percent de minimis indirect cost rate allowed under the UniformGuidance.